NEW YORK, May 15, 2015 /PRNewswire/ --
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Moments ago, Analysts Review released new research updates concerning several important developing situations including Arbor Realty Trust Inc. (NYSE: ABR), The Phoenix Companies Inc. (NYSE: PNX), Auburn National Bancorporation, Inc. (NASDAQ: AUBN), Great Ajax Corp (NYSE: AJX), and Clough Global Opportunities Fund (NYSEMKT: GLO). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
Today's update concerns the following companies:
Full PDF Download Links (you may have to copy and paste the following links into your browser):
ABR Research Report: ( http://get.analystsreview.com/pdf/?c=Arbor%20Realty&d=15-May-2015&s=ABR ),
PNX Research Report: ( http://get.analystsreview.com/pdf/?c=Phoenix%20Companies&d=15-May-2015&s=PNX ),
AUBN Research Report: ( http://get.analystsreview.com/pdf/?c=Auburn%20Bank&d=15-May-2015&s=AUBN ),
AJX Research Report: ( http://get.analystsreview.com/pdf/?c=Great%20Ajax&d=15-May-2015&s=AJX ),
GLO Research Report: ( http://get.analystsreview.com/pdf/?c=Clough%20Global&d=15-May-2015&s=GLO ).
Analyst Update: Financial Results and Participation Agreement
U.S. stocks closed higher on Thursday, recovering from a sequence of slight losses over the week. The rally came despite unexpected drop in both weekly jobless claims and headline inflation figure. The NASDAQ Composite closed at 5,050.79, up 1.39%, the S&P 500 jumped 1.08%, to 2,121.10, and the Dow Jones Industrial Average ended the session 1.06% higher, at 18,252.24. European stocks surged sharply higher on Thursday after the European Central Bank's president reaffirmed its commitment to continue massive stimulus program for the Eurozone. Germany's DAX 30 advanced 1.84%, France's CAC 40 gained 1.36%, and London's FTSE 100 closed 0.34% higher on Thursday. Meanwhile, Asian markets were once again mixed on Thursday. The Shanghai Composite and Hong Kong's Hang Seng posted modest gains, while Japan's Nikkei fell on Thursday.
Arbor Realty Trust, Inc. announced its financial results for the first quarter on May 1, 2015. Arbor generated net income of $15 million or $0.30 per diluted common share in Q1 FY15 versus net income of $5.9 million or $0.12 per diluted common share in Q1 FY14.
On May 11, 2015, The Phoenix Companies, Inc. announced its financial results for Q1 FY15. The Company reported that Life Insurance annualized premium during the quarter totaled $4 million, driven mainly by the sales of term, whole life and UL Insurance.
Auburn National Bancorporation, Inc. reported its financial results for Q1 FY15 on April 28, 2015. The Company reported net earnings of $1.9 million or $0.51 per share for Q1 FY15 vis-à-vis net income of $1.8 million or $0.50 per share for Q1 FY14.
On May 4, 2015, Great Ajax Corp. announced its financial and operational results for Q1 FY115. The Company reported revenues of $6 million generating a net income of $3.6 million or $0.28 per fully diluted share.
On May 11, 2015, the Board of Trustees of Clough Global Opportunities Fund, Clough Global Equity Fund and Clough Global Allocation Fund ("The Funds"), advised by Clough Capital Partners L.P. (the
"Advisor"), announced the approval of a participation agreement between the Funds and the RiverNorth Funds, on behalf of its series.
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